ESPE Wins €5.9 Million Agrivoltaic Contract, Order Backlog Rises to €94.2 Million

ESPE SpA ( (IT:ESPE) ) just unveiled an announcement.

ESPE S.p.A. has secured a €5.9 million contract to build a 9.7 MWp advanced agrivoltaic plant in the province of Reggio Emilia for a repeat client focused on infrastructure and agrivoltaic projects in Northern Italy, with completion scheduled by the first half of 2027. The project, designed with a fixed-structure layout to balance agricultural continuity and energy production, marks the second order from the same customer this year and underscores ESPE’s growing strength in the advanced agrivoltaic segment, while lifting the group’s total order backlog to about €94.2 million—96% linked to photovoltaic activities—providing visibility on workloads through mid-2027 and reinforcing its positioning in Italy’s fast-expanding renewable energy market.

The most recent analyst rating on (IT:ESPE) stock is a Buy with a EUR7.50 price target. To see the full list of analyst forecasts on ESPE SpA stock, see the IT:ESPE Stock Forecast page.

More about ESPE SpA

ESPE S.p.A., based in Grantorto in Italy’s Veneto region, operates in the renewable energy sector as an EPC contractor for photovoltaic plants and ground-mounted solar parks, and as a system integrator for complex industrial electrical and automation systems. Active since 1974, the group has developed proprietary technologies under the ESPE brand in photovoltaics, small wind and biomass cogeneration, and has expanded through acquisitions and investments in companies such as Permatech, Rigoni Lab, Soland and Secur Impianti to strengthen large-scale PV development, applied engineering capabilities, O&M and energy security solutions for a client base spanning large industrial groups, SMEs and institutional investors.

Average Trading Volume: 21,725

Technical Sentiment Signal: Strong Buy

Current Market Cap: €36.42M

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